Commerce Exam > Commerce Notes > Accountancy Class 11 > PPT : Depreciation Accounting - 1
PPT : Depreciation Accounting - 1 | Accountancy Class 11 - Commerce PDF Download
| Download, print and study this document offline |
Please wait while the PDF view is loading
Page 1 CPT Section A: Fundamentals of Accounting Chapter-5 Part 1: Introduction & Basic Concepts CA. Poonam Patni Page 2 CPT Section A: Fundamentals of Accounting Chapter-5 Part 1: Introduction & Basic Concepts CA. Poonam Patni Understand the Meaning & Need of Depreciation Causes of Depreciation Objectives of Depreciation Factors to be considered for Depreciation Journal Entries for Depreciation Page 3 CPT Section A: Fundamentals of Accounting Chapter-5 Part 1: Introduction & Basic Concepts CA. Poonam Patni Understand the Meaning & Need of Depreciation Causes of Depreciation Objectives of Depreciation Factors to be considered for Depreciation Journal Entries for Depreciation Diminution in Utility Natural Wear & Tear Exhaustion of the Subject Matter/Accident Efflux of Time Obsolescence Page 4 CPT Section A: Fundamentals of Accounting Chapter-5 Part 1: Introduction & Basic Concepts CA. Poonam Patni Understand the Meaning & Need of Depreciation Causes of Depreciation Objectives of Depreciation Factors to be considered for Depreciation Journal Entries for Depreciation Diminution in Utility Natural Wear & Tear Exhaustion of the Subject Matter/Accident Efflux of Time Obsolescence Internal Depreciation Natural Wear & T ear External Depreciation Exhaustion of the subject matter Effluxion of time Accident Obsolescence Page 5 CPT Section A: Fundamentals of Accounting Chapter-5 Part 1: Introduction & Basic Concepts CA. Poonam Patni Understand the Meaning & Need of Depreciation Causes of Depreciation Objectives of Depreciation Factors to be considered for Depreciation Journal Entries for Depreciation Diminution in Utility Natural Wear & Tear Exhaustion of the Subject Matter/Accident Efflux of Time Obsolescence Internal Depreciation Natural Wear & T ear External Depreciation Exhaustion of the subject matter Effluxion of time Accident Obsolescence Depletion Fall in Market Price Accidents Obsolescence Efflux of time Wear & Tear due to Actual UseRead More
|
82 videos|167 docs|42 tests
|
FAQs on PPT : Depreciation Accounting - 1 - Accountancy Class 11 - Commerce
| 1. What is depreciation accounting? |  |
Ans. Depreciation accounting is the process of allocating the cost of an asset over its useful life. It allows businesses to account for the wear and tear, obsolescence, or other factors that reduce the value of an asset over time.
| 2. How is depreciation calculated? | |
Ans. Depreciation can be calculated using various methods, such as straight-line depreciation, declining balance method, or units of production method. The most commonly used method is the straight-line method, which divides the cost of the asset by its useful life to determine the annual depreciation expense.
| 3. Why is depreciation important in accounting? | |
Ans. Depreciation is important in accounting as it helps businesses accurately reflect the decrease in value of their assets over time. It allows for the proper matching of expenses with revenues, ensuring that the financial statements provide a true and fair view of the company's financial position.
| 4. How does depreciation affect the financial statements? | |
Ans. Depreciation affects the financial statements by reducing the value of the asset on the balance sheet and increasing the depreciation expense on the income statement. This reduces the company's net income and retained earnings, impacting the profitability and overall financial health of the business.
| 5. Can depreciation be reversed or adjusted in the future? | |
Ans. Once depreciation has been recorded, it cannot be reversed or adjusted in the future unless there was an error in the original calculation. However, if the estimated useful life or salvage value of an asset changes, the depreciation method can be adjusted to reflect the new information.
About this Document
|
3.6K Views |
|
4.66/5 Rating |
|
Nov 21, 2024 Last updated |
Document Description: PPT : Depreciation Accounting - 1 for Commerce 2024 is part of Accountancy Class 11 preparation.
The notes and questions for PPT : Depreciation Accounting - 1 have been prepared according to the Commerce exam syllabus. Information about PPT : Depreciation Accounting - 1 covers topics
like and PPT : Depreciation Accounting - 1 Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for PPT : Depreciation Accounting - 1.
Introduction of PPT : Depreciation Accounting - 1 in English is available as part of our Accountancy Class 11
for Commerce & PPT : Depreciation Accounting - 1 in Hindi for Accountancy Class 11 course.
Download more important topics related with notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: PPT : Depreciation Accounting - 1 | Accountancy Class 11 - Commerce
Description
Full syllabus notes, lecture & questions for PPT : Depreciation Accounting - 1 | Accountancy Class 11 - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus for Accountancy Class 11 | Best notes, free PDF download
Information about PPT : Depreciation Accounting - 1
In this doc you can find the meaning of PPT : Depreciation Accounting - 1 defined & explained in the simplest way possible. Besides explaining types of
PPT : Depreciation Accounting - 1 theory, EduRev gives you an ample number of questions to practice PPT : Depreciation Accounting - 1 tests, examples and also practice Commerce
tests
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Semester Notes
,PPT : Depreciation Accounting - 1 | Accountancy Class 11 - Commerce
,Previous Year Questions with Solutions
,Viva Questions
,PPT : Depreciation Accounting - 1 | Accountancy Class 11 - Commerce
,MCQs
,shortcuts and tricks
,Extra Questions
,Objective type Questions
,PPT : Depreciation Accounting - 1 | Accountancy Class 11 - Commerce
,practice quizzes
,Sample Paper
,Summary
,past year papers
,study material
,Free
,Exam
,Important questions
,video lectures
,mock tests for examination
,ppt
;
Additional Information about PPT : Depreciation Accounting - 1 for Commerce Preparation
PPT : Depreciation Accounting - 1 Free PDF Download
The PPT : Depreciation Accounting - 1 is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the PPT : Depreciation Accounting - 1 now and kickstart your journey towards success in the Commerce exam.
Importance of PPT : Depreciation Accounting - 1
The importance of PPT : Depreciation Accounting - 1 cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
PPT : Depreciation Accounting - 1 Notes
PPT : Depreciation Accounting - 1 Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to PPT : Depreciation Accounting - 1.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, PPT : Depreciation Accounting - 1 Notes on EduRev are your ultimate resource for success.
PPT : Depreciation Accounting - 1 Commerce Questions
The "PPT : Depreciation Accounting - 1 Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study PPT : Depreciation Accounting - 1 on the App
Students of Commerce can study PPT : Depreciation Accounting - 1 alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the PPT : Depreciation Accounting - 1,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of PPT : Depreciation Accounting - 1 is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup